economy
February 27, 2026
MP Materials Announces $1.25 Billion Rare Earths Facility Meant to Help Counter China
Rare earth producer MP Materials plans to build a large-scale rare earth magnet manufacturing campus in North Texas to prop up the domestic supply chain and reduce reliance on foreign adversaries.
TL;DR
- MP Materials plans to build a large-scale rare earth magnet manufacturing campus.
- The facility will be located in North Texas.
- The project aims to bolster the domestic supply chain.
- It seeks to decrease reliance on foreign adversaries.
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